The more money you make, the more fast food you eat The stereotype is that poor people eat more fast food than rich people, who virtuously eat only organic salads and cows with names. One problem with this assumption: It … Continue reading Fast food and income
Bags of nudges I am pretty sure that you, like so many environmentally conscious consumers, take your own reusable bags to the shops all the time. Maybe you simply have no choice — in a growing number of countries, disposable bags have … Continue reading Are bans effective?
Why Kids Want Things When Marsha Richins started researching materialism in the early 1990s, it was a subject that had mostly been left to philosophers and religious thinkers. In the intervening decades, Richins, a professor of marketing at the University … Continue reading Materialism is for kids
Thorstein Veblen’s The Theory of The Leisure Class In 2011, Thorstein Veblen was ranked seventh in a poll of economists on their favourite, dead, 20th century economist. He ranked behind Keynes, Friedman, Samuelson, Hayek, Schumpeter and Galbraith. His supporters were … Continue reading Conspicuous leisure
Spend Your Money on Whatever You Want Perhaps it is unsurprising that in the age of Marie Kondo, we have bought into the idea that we should stop spending our hard-earned money on stuff. There’s a whole slew of social … Continue reading Which one would make you happier?
Costly Curves Western cultures tend to associate thinness with beauty, health, self-discipline, success, and economic value. Research by Marisabel Romero and Adam Craig, recently published in the Journal of Consumer Research, shows that these associations can have an unconscious effect … Continue reading Big spenders
Taxes on Unhealthy Food Are Ineffective and Hurt the Poor Over the past decade or so, paternalistic objections to fat, sugar, and salt have gained traction among policymakers, mostly at the state and local levels of government. Predictably, new taxes … Continue reading Regressive taxes on poor people